EUR/AUD – 1H – SELLThe pair Euro/Australian Dollar (EUR/AUD) jumps from the ascending trendline downwards
A bearish trend downwards to the next support level at 1.65446 is certain.
Caution: A possible change in the direction of resistance at 1.66555 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.
Moreover a ‘Bearish Harami’ chart pattern is discovered. The candles form ‘Bearish Harami’. which is a bearish signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Bearish Harami’ heading down is 53% (Bull Market) & 50% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.68016 |
| 2nd High | 1.67762 |
| Next High | 1.66555 |
| Current Price | 1.66063 |
| Next Low | 1.65446 |
| 2nd Low | 1.65407 |
| 3rd Low | 1.65222 |
Trading Signals: FOREX – EUR – EUR/AUD – AUD – Bearish Harami